Who would have thought a few months ago that the mighty Clinton machine would be so in need of money that Hillary would be forced to dip into her own pockets?
That is exactly what’s happening according to Ben Smith over at Politico. Clinton loaned her campaign $5 million dollars, and claims that her Super Tuesday performance proved “the wisdom of her investment.”
In other words, she would never invest $5 million dollars of her own money into something she new she couldn’t win. Although, I Mitt Romney was saying something similar about $40 million dollars ago.
Clinton’s campaign spokesman Howard Wolfson had this to say:
Late last month Senator Clinton loaned her campaign $5 million.The loan illustrates Sen. Clinton’s commitment to this effort and to ensuring that our campaign has the resources it needs to compete and win across this nation. We have had one of our best fundraising efforts ever on the web stoday and our Super Tuesday victories will only help in bringing more support for her candidacy.
Regardless of how the Clinton’s try and spin this it doesn’t bode well for her campaign. Obviously, it’s not unusual for a candidate to loan their campaign money, but this is the same Clinton campaign that was literally swimming in money a few months ago.
-Chris Jones
